Hovde Group Issues Positive Forecast for HomeTrust Bancshares (NYSE:HTB) Stock Price

HomeTrust Bancshares (NYSE:HTB) had its target price boosted by Hovde Group from $46.50 to $47.00 in a research note released on Friday morning, MarketBeat reports. The brokerage currently has a market perform rating on the stock.

Several other analysts have also issued reports on HTB. Wall Street Zen raised shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings initiated coverage on shares of HomeTrust Bancshares in a research report on Wednesday, January 14th. They set a “buy (b)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

HomeTrust Bancshares Trading Down 3.8%

NYSE:HTB opened at $44.53 on Friday. The company has a market capitalization of $748.99 million, a PE ratio of 11.51 and a beta of 0.86. HomeTrust Bancshares has a 1-year low of $33.42 and a 1-year high of $47.64. The firm has a fifty day moving average price of $43.36. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

HomeTrust Bancshares (NYSE:HTB) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. HomeTrust Bancshares had a net margin of 22.78% and a return on equity of 11.25%. The firm had revenue of $53.90 million for the quarter. On average, equities analysts predict that HomeTrust Bancshares will post 3.42 earnings per share for the current fiscal year.

HomeTrust Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, May 14th. HomeTrust Bancshares’s payout ratio is currently 13.98%.

Insider Transactions at HomeTrust Bancshares

In other HomeTrust Bancshares news, EVP John Francis Sprink II sold 2,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $45.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president owned 13,465 shares of the company’s stock, valued at $605,925. This trade represents a 12.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HomeTrust Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Rosenthal Henry Capital Advisors Inc. acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at $2,135,000. Sterling Capital Management LLC acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at $105,000. Hsbc Holdings PLC acquired a new stake in HomeTrust Bancshares during the 4th quarter valued at $389,000. CrossGen Wealth LLC acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at $91,000. Finally, Flywheel Private Wealth LLC acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at $938,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

HomeTrust Bancshares Company Profile

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.